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These are the three stocks which may outperform Nvidia by 2030
Analysts have predicted that the dream run of Nvidia may end by 2027 due to various technological developments. There are three other companies that may outperform Nvidia by 2030. Google, Microsoft and Apple are three leading companies that may peak by 2030. They are actively promoting their AI related products and services.
Oracle gains as cloud infrastructure business gets AI boost
If the gains hold, the company will add about $30 billion to its market valuation of $340 billion as of Tuesday market close. The shares have so far this year gained 18%.
Oracle gains as cloud infrastructure business gets AI boost
Oracle shares surged 9% on Wednesday due to high demand for its cost-effective cloud services for AI applications, potentially adding $28 billion to its $340 billion market value. The company's cloud unit aims to grow by offering affordable cloud computing and storage, competing with Google and Microsoft.
Apple becomes the first $1 trillion global brand, Nvidia's value triples, report says
Apple has surpassed $1 trillion in brand value, with a 15% increase from last year, retaining its top position as the world's most valuable brand in 2024, followed by Google and Microsoft. Nvidia's value has nearly tripled, entering the top 10 most valuable brands with over $200 billion in brand value. Oracle also made its debut in the top 10 with a 58% increase in brand value.
Google cuts at least 100 jobs across its cloud unit: report
Alphabet-owned Google is laying off at least 100 employees from several teams in its cloud unit, CNBC reported on Monday. Roles in sales, operations, engineering, consulting, and 'go to market' strategy were some of the positions cut.
Google says tech infrastructure investment in Singapore reaches $5 billion
The company said its data centres in Singapore employ over 500 people and are used to power services such as Google Search and Maps.
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Google to invest $2 billion in data centre and cloud services in Malaysia
Google announces $2 billion investment in Malaysia for its first data centre and cloud region, supporting the country's digital ambitions and AI capabilities to enhance local industry and global competitiveness.
Google invests $350 million in Flipkart as part of nearly $1 billion funding round
Flipkart secures $1 billion funding with investments from Google and Walmart. Walmart, which holds an 85% stake, invested $600 million in the round. Valued at $35-36 billion, Flipkart plans to expand with Google's cloud collaboration.
India must loosen the cords tying it too tightly to the pervasive influence of global Big Tech
India aims for self-sufficiency through autarky and atmanirbhar initiatives, focusing on nurturing the 13 markers of 'Viksit Bharat' for a fully digitised economy and sustained growth in various sectors.
Amazon to launch AI-overhauled Alexa with paid plans, CNBC reports
While the e-commerce giant is yet to nail down the price of the new services, a subscription to Alexa will not be included in its popular $139 annual Prime offering, the report said, citing people with knowledge of the company's plans.
Google invests 1 billion euros in Finnish data centre to drive AI growth
In recent years, many data centres have been located in the Nordic countries because of the region's cooler climate, tax breaks and abundant availability of renewable power.
Google seeks non-jury trial in US ad tech lawsuit
Alphabet's Google is seeking a non-jury trial in the U.S. Justice Department's antitrust lawsuit over online advertising practices. It argued against the department's request for a jury trial due to the technical nature of the case. The lawsuit, filed in January 2023, accuses Google of abusing its dominance in digital advertising. Google's ad network is crucial to its revenue.
Google I/O 2024: From Gemini 1.5 Pro, Project Astra to Trillium, ET brings you the low down
Gemini 1.5 Pro, with a one million token long context window, is now available with Gemini Advanced in 35 languages, the company announced at Google I/O, its annual developer conference on Tuesday.
Google unveils Trillium chip; Gemini 1.5 Pro with 2M tokens made available for developers
Google parent Alphabet on Tuesday unveiled a product called Trillium in its artificial intelligence data center chip family that it says is nearly five times as fast as its prior version.
Google launches Trillium chip, improving AI data center performance fivefold
Alphabet's effort to build custom chips for AI data centers represents one of the few viable alternatives to Nvidia's top-of-the-line processors that dominate the market. Together with the software that is closely tied to Google's tensor processing units (TPUs), the chips have allowed the company to take a significant share of the market.
Apple will revamp Siri to catch up to its chatbot competitors
Introduced in 2011 as the original virtual assistant in every iPhone, Siri had been limited for years to individual requests and had never been able to follow a conversation. It often misunderstood questions.
Google CEO Sundar Pichai nears billionaire status powered by AI boom
Sundar Pichai is approaching billionaire status, thanks to Google's stock surge under his leadership since 2015. The recent record-breaking earnings reflect AI-driven growth in cloud computing, with the company introducing its first dividend. Pichai's journey from humble beginnings in Chennai to tech success is a testament to hard work and sacrifice.
Big Tech reports strong Q1 numbers amid AI push
Alphabet and Microsoft ignited a rally in technology stocks on Friday with earnings that showed big AI investments were driving growth, allaying doubts that their costly bets would take time to pay off after a soft forecast from Meta Platforms.
Alphabet leaps into $2 trillion club as results show AI strength
Investors cheered the Google parent announcing its first-ever dividend and a $70 billion stock buyback. The $2 trillion milestone followed the company’s results, where revenue beat expectations on the strength of its cloud-computing unit. Cloud demand was fueled by growth in AI.
Alphabet, Microsoft earnings show hefty AI bets are driving growth
Alphabet rose 10%, crossing $2 trillion in market value with a gain of about $180 billion as it sweetened the pot for investors with its maiden dividend and a $70 billion stock buyback.
Google parent announces first-ever dividend; beats on sales, profit; shares soar
ALPHABET-Google parent announces first-ever dividend; beats on sales, profit; shares soar
Google parent announces first-ever dividend; beats on sales, profit; shares soar
Alphabet announced its first dividend and a $70 billion stock buyback, leading to a 16% stock surge. The company invests in data centers for AI competition, beating sales and profit expectations, while Meta Platforms also declared its first dividend.
Google fires workers protesting $1.2 billion contract to provide Israel AI, cloud services through Project Nimbus
Google has fired 28 employees for protesting against Project Nimbus, a $1.2 billion deal with Amazon to provide AI services to Israel. The protests, led by No Tech for Apartheid, included sit-ins at Google offices. Google cited policy violations, sparking debate over employee activism and tech companies' handling of dissent.
Amazon adds AI expert Andrew Ng to board as GenAI race heats up
Amazon's cloud unit is facing pressure from Microsoft's early pact with ChatGPT-maker OpenAI and integration of its technology into Azure, while Alexa voice assistant is in race with genAI chat tools from OpenAI and Google.
Google unveils Arm-based chip in fight with rivals to make cloud computing more affordable
The new custom silicon chip processor, which is already powering YouTube ads, Google Earth Engine and other Google services, will become available for customers later in 2024.
Google in talks to acquire 22.5-acre in Navi Mumbai for maiden India captive data centre
Google is in advanced negotiations to purchase a 22.5-acre land parcel in Juinagar, Navi Mumbai, for its first captive data center in India. The land, owned by Maharashtra Industrial Development Corporation (MIDC), currently leased to Gramercy Trade Industries, is valued at approximately Rs 850 crore.
Equinix hires Google Cloud executive Adaire Fox-Martin as CEO
Fox-Martin, who has been on Equinix's board since 2020, will succeed the company's current Chief Executive Officer Charles Meyers. Martin has been at Google Cloud for three years and has also held global positions at software companies such as SAP and Oracle.
EU probes Microsoft's security software practices
Companies over the years have complained about Microsoft's bundling services and its cloud-computing practices, which European regulators have investigated. Microsoft has said it has worked to address rivals' concerns.
McDonald's plots rapid growth with 10,000 new stores
McDonald's laid out plans to increase the user base of its loyalty program to 250 million customers by 2027, from 150 million currently, putting it on track to deliver $45 billion in annual sales. The program currently generates over $20 billion in system-wide sales.
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